Mixed options sentiment in Rivian with shares down 0.66%

Mixed options sentiment in Rivian (RIVN), with shares down 9c near $13.55. Options volume roughly in line with average with 116k contracts traded and calls leading puts for a put/call ratio of 0.35, compared to a typical level near 0.5. Implied volatility (IV30) dropped 1.51 near 48.52,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.41. Put-call skew flattened, suggesting a modestly bullish tone.